RICH DAD’S GUIDE TO INVESTING (BY ROBERT KIYOSAKI)

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Follow in the footsteps of the rich, not the poor. This is a top 5 takeaway summary of Rich Dad’s Guide to Investing, by Robert Kiyosaki – a man who grew up learning the importance of this first-hand.

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Top 5 Takeaways from Robert Kiyosaki’s Rich Dad’s Guide to Investing:
00:00 Intro
1:14 1. Create Assets, That Buy Assets
3:37 2. Use Debt as a Lever
5:49 3. Maximize Expenses, Minimize Income
8:20 4. Acquire the Thee E´S
11:01 5. Start TODAY

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TL;DW:

- Build your money-machine by creating an asset that acquires additional assets.
- Once you have a working formula, embrace debt as a friend, and use it to leverage your cash-flow
- Minimize income withdrawn and maximize expenses that can help you excel
- To be able to size financial opportunities you need education, experience and excess cash
- You need to right only once – start today

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My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.
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Let me add to that. Although I haven't read this book, I read Rich Dad, Poor Dad early last year and guess what - I was so inspired, I took action and started a small online business. It went well but I got too excited and invested in a second product. This time around, I got a business loan - grave mistake as the product didn't turn out as expected and I got into debt (good debt turned bad debt). Moral of the story - yes, start a business, but ensure you have CASHFLOW to sustain it, as well as actually LEARNING a lot about the business and doing the due diligence required to run a successful business. That's my 2 cents, hope it helps someone out there. :)

afrflava
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In all 3 books you will find basically the same content spread across 200 pages that could have been written down in 10 pages. To sum all 3 books up: buy assessts, don' work for others, being jobless makes you more creative.

pawewawrzyniak
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I'm now 13 and retired a Billionaire! THANKS ROBERT!!!

investingtv
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My upbringing is surprisingly similar to the story in this book. I ended up stuck in the rat race starting at age 19 and still there at age 34. But really hustling to live off my rentals and YouTube in the next 2 years. Wish me luck!

Real.Estate.Report
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Loved the book Rich Dad Poor Dad. So many useful tips and a total mindset shifter

NickPeitsch
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Read this book and it’s amazing to see the concepts I learned and visualized in my head and wrote notes on not only turned into a well produced video but a different interpretation of the book

JosephDiazRamirez
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I just found your channel... Fantastic idea! Absolutely loved watching the video!

tooday
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These videos are incredibly valuable in spreading the word about changing the money mindset. Especially in such a fast-paced world, where most people don't prioritize reading books. Thank you for taking the time to make them~

PonchoRebel
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From now at 4am in China Every morning I’ll learn and understand a video of “Takeaway “ I’ve already watched more than 10😁 that’s the first video that I watched on this channel . Thank you and God bless you 🎯🏃🏾‍♂️

aliballo
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Thank you for the video and the summary, it's very clear and helpful. Thanks Robert too!

tailand
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Increasing expenses is needed as long as the cashflow (passive income) is more than the debt

gamingshortschannel
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It was a great summary but as I listen to audio book many times I am thinking of his 5 level of investor idea that not in here. I think it will be more complete to include 5 level of investor as well. Also another key point for me is "investing is a plan, a personal plan"

benjapolcycling
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i've heard of his books but never actually read it. but in a quick summary, a business does not succeed in by maximizing expenses. a lot of things a business buys like inventory, or asset investments are not considered expenses, and reinvesting company's revenue into the company is also NOT minimizing income, u reinvest the company with retained earnings. He literally have to give new meanings to these words in order to make himself sound smart. its like saying in order to lose weight u have to get FAT, by fat i mean really good BMI and lots of muscle mass u know the standard fat. also a typical "poor" person does NOT maximize income and minimize expense! his statements literally says every single employee who does zero personal investments are considered poor, which means if a US president does not do any investments he/she is considered poor. his continuous labeling do this and ur rich or do this and ur poor is just a cash grab feeding off ppl's poor judgement to buy his book.

mardini
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Very interesting and nicely explained. Thank you sir for sharing.

panchasanguparakalarajan
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I really like Roberts take on debt, but i am also quite keen on the Buffet-stance that you don't need debt to make huge amounts of money. I would also reffer to your Peter Lynch video and the idea that if you use leverage and the market goes down you would be eridicated so you wouldn't reap the benefits of the rebound. Nice video though

doctorkokus
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Very insightful my good Sir ! Will definitely read into the book !

vanangelopaz
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Great vids as ever. But personally I like the practicality from Robert Kiyosaki. Thanks a lot

faezmohtar
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7:43 So, it is not expenses. It is investing!

vindieseloncrack
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Hello there can you tell what equipment model and software you are using to make videos

mohamedismailadamsa
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Kiyosaki made most of his miney through books...

javierjp